Monarch Homes On Your Lot Custom Builder, Design Service, Patio Homes, New Homes Blue Ash Ohio,

STEP 1 - Pick out your floorplan, elevation and homesite

STEP 2 - Finalize and sign your Purchase Agreement with 2.5% Deposit

STEP 3 - Our Preferred Lenders go to work - locking in your below market rate on a 30-year fixed loan UP FRONT - before construction even begins!

STEP 4 - You close on your construction loan

STEP 5 - Monarch Homes builds your dream home!

STEP 6 - You get the keys to your brand new dream home and our preferred lender converts your construction loan to a 30 year fixed mortgage at your original locked-in rate!

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Example Scenario:

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1115 Silversmith Way, Lebanon, Ohio - Northfield with Craftsman Elevation (Contract to Build)

-4 Bedroom, 2.5 Bath Home

-Open kitchen with granite countertops

-Solid surface flooring throughout first floor

-Quartz Vanity Tops

-Full, unfinished basement

-9’ ceilings on first floor

-covered front porch

-Stainless steel appliances

-Craftsman Elevation with Stone Accents

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Total Purchase Price: $399,990

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Market Rate as of 01/18/2023: 5.8%

Below Market Rate Offered Through Preferred Lender: 5.5%

10% Down Payment at Closing

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Estimated Monthly Payment (30-year fixed mortgage): $1740.00

 

(assumes real estate taxes at 1.5% of purchase price and $100 per month insurance - no PMI)

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At Reveres Run and Oakwood Park, Monarch Homes will credit 2.5% of the purchase price back to the buyer to cover construction interest throughout the build process. Also, deposit is 2.5% instead of 5%, which will free up available cash to Buyer to make interest payments during construction loan period.